Upside Gap Side by Side White Lines / 上放れ並び陽線
Reference values based on Bulkowski's "Encyclopedia of Chart Patterns". Data is primarily from U.S. markets and may differ for other markets.
A three-candlestick bullish continuation pattern appearing during an uptrend. After the first bullish candle, the second bullish candle opens with a gap up, and the third bullish candle appears at approximately the same opening level as the second. Two bullish candles of similar size lining up without filling the gap strongly suggests buyer strength and uptrend continuation.
Enter long at the next candle's open after the third bullish candle is confirmed. Or enter when price exceeds the third candle's high. Confirm the gap is maintained.
Project the range from the gap's lower edge to the third candle's high upward from the third candle's high. Set targets anticipating uptrend continuation.
Place a stop-loss slightly below the gap's lower edge (first candle's close). If the gap is filled, consider the pattern negated.
Stable volume maintenance on the second and third candles is important. Increased volume on the gap-up second candle maintained through the third enhances reliability.